Industrial Credit Union Of Whatcom County

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 910587877 ✦ Bellingham, WA ✦ Designated as a 501(c)(14)

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Overview

What is Industrial Credit Union Of Whatcom County?

The Industrial Credit Union of Whatcom County is a nonprofit financial institution located primarily in Whatcom County, Washington. With a membership base of 39,671 individuals, they offer various financial services, such as loans and savings programs, to meet the needs of their community. The organization is staffed by 9 volunteers and 111 full and part-time employees, dedicated to delivering these essential services to support their members.


Official website here: www.industrialcu.org

Is Industrial Credit Union Of Whatcom County legitimate?

Industrial Credit Union Of Whatcom County is a legitimate nonprofit organization registered as a 501(c)(14) entity. Industrial Credit Union Of Whatcom County submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,413,430
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,239,733

For more financial information, click here


Official website here: www.industrialcu.org

What is the mission statement of Industrial Credit Union Of Whatcom County?

The Industrial Credit Union of Whatcom County offers financial services to a membership of over 39,000 individuals. They provide a range of financial solutions beyond loans and savings programs. A team of volunteers and employees, numbering 111 in total, work diligently to deliver these financial services to the union's members. The credit union's mission is to ensure that its members have access to essential financial products and services to help them manage their money effectively. By offering these services, the Industrial Credit Union aims to contribute to the financial well-being of its members.


Official website here: www.industrialcu.org

Who is the CEO of Industrial Credit Union Of Whatcom County?

Brandon Hahnel is the President/Ceo of Industrial Credit Union Of Whatcom County. The CEO's salary of Industrial Credit Union Of Whatcom County is $369,619 and their total compensation is $369,619.


Official website here: www.industrialcu.org

What is the revenue of Industrial Credit Union Of Whatcom County?

Industrial Credit Union Of Whatcom County's revenue in 2022 was $22,987,769.


Official website here: www.industrialcu.org

Who are the executives of Industrial Credit Union Of Whatcom County and what are their salaries?

The average compensation at Industrial Credit Union Of Whatcom County during 2022 was $45,884. There are 145 employees and 8 volunteers at Industrial Credit Union Of Whatcom County.


Here are 18 key members and their salaries (Industrial Credit Union Of Whatcom County's CEO's salary is $369,619 and their total compensation is $369,619):


Brandon Hahnel (President/Ceo)
  • Compensation: $369,619
  • Related: $0
  • Other: $0
Richard Holcomb (Vp/Finance)
  • Compensation: $145,172
  • Related: $0
  • Other: $0
Bj Van Leeuwen (Vp/Lending)
  • Compensation: $139,562
  • Related: $0
  • Other: $0
Vickie Skelton (Vp/Operations)
  • Compensation: $135,208
  • Related: $0
  • Other: $0
Dean Lewis (Director Real Estate)
  • Compensation: $133,533
  • Related: $0
  • Other: $0
Denise Pethick (Director Human Resources)
  • Compensation: $115,803
  • Related: $0
  • Other: $0
Andy Thom (Director/It)
  • Compensation: $112,123
  • Related: $0
  • Other: $0
Dain Stevens (Vp/Digital Services)
  • Compensation: $111,606
  • Related: $0
  • Other: $0
Kessa Volland (Director Of Marketing)
  • Compensation: $102,215
  • Related: $0
  • Other: $0
Melissa Muhich (Board Of Director)
  • Compensation: $2,300
  • Related: $0
  • Other: $0
Bonnie Drafs (Supervisory Committee)
  • Compensation: $2,100
  • Related: $0
  • Other: $0
Dennis Mcgrew (Board Of Director)
  • Compensation: $1,900
  • Related: $0
  • Other: $0
Nikole Knauft (Board Of Director)
  • Compensation: $1,900
  • Related: $0
  • Other: $0
Michael Ashby (Board Vice Chair)
  • Compensation: $1,900
  • Related: $0
  • Other: $0
Stan Godek (Board Of Director)
  • Compensation: $1,900
  • Related: $0
  • Other: $0
Harold Henkel (Board Of Director)
  • Compensation: $1,900
  • Related: $0
  • Other: $0
Areti Moulares (Supervisory Committee Chair)
  • Compensation: $1,400
  • Related: $0
  • Other: $0
Rick Maricle (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.industrialcu.org

Where can I find the form 990 for Industrial Credit Union Of Whatcom County?

Industrial Credit Union Of Whatcom County's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.industrialcu.org

Learn more at the official website: www.industrialcu.org

Mission Statement of Industrial Credit Union Of Whatcom County

Industrial Credit Union of Whatcom County, a leading financial institution, serves a membership of 39,671 individuals primarily based in Washington State. The organization's mission comes to life through the provision of various financial services, including loans and savings programs.

This dedicated team, comprised of 9 volunteers and 111 full and part time employees, works tirelessly to ensure members have access to essential financial tools. By offering these services, Industrial Credit Union of Whatcom County empowers its members to improve their financial wellbeing, enhancing their overall quality of life. Through the collective efforts of its dedicated workforce, the credit union creates opportunities for its members to save for the future and access affordable financing when needed.

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Impact




October, 2024

Industrial Credit Union of Whatcom County significantly impacts the local community by offering essential financial services to 39,671 members, primarily in Whatcom County, Washington. By providing a range of services including loans and savings programs, the Credit Union empowers individuals and families to achieve their financial goals and build security.

The organization operates with the dedication of 9 volunteers alongside 111 full and part-time employees, ensuring personalized service and support for its members. This community-focused approach fosters trust and stability, making financial resources accessible to a diverse demographic.

By fulfilling its mission of delivering financial services, Industrial Credit Union enhances the economic vitality of the region, supporting both individual members and the broader community. This commitment to the public benefit cultivates a sense of community solidarity and promotes sustainable financial practices among its members, ultimately contributing to the overall well-being and prosperity of Whatcom County.




This information is meant to be a general summary of Industrial Credit Union Of Whatcom County. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$22,987,769 (2022)
Expenses
$20,977,088 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,085,877
  • Program Service Revenue: $20,525,892
  • Gross Receipts: $27,670,259

Assets and Liabilities:

  • Total Assets: $400,566,413
  • Total Liabilities: $372,677,484
  • Net Assets: $27,888,929

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest on Loans

Revenue

$14,350,774

Revenue Paid by Members for Services

Revenue

$6,175,118

Organization Details

Founding Year

1941

Principal Officer

Brandon Hahnel

Main Address

PO Box 1767, BELLINGHAM, WA, 98227

NTEE Category

Code: W60 - Public benefit

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